Technicolor and top film financing and sales company IM Global today announce they have entered into a partnership encompassing a multi-year service arrangement
Paris (France), Los Angeles (California), 26 September 2011 - Technicolor (Euronext Paris: TCH) and top film financing and sales company IM Global today announce they have entered into a partnership encompassing a multi-year service arrangement. Technicolor will provide IM Global with a broad range of services including front end services, international release and trailer printing and distribution services, including Digital Cinema, for international theatrical and subsequent ancillary platforms to accommodate IM Global’s expanding slate of in-house financed productions.
Said IM Global CEO Stuart Ford, “Technicolor provides a first class service and a world famous brand which perfectly complements our fast growing library of titles and enables us to handle business in fifty plus territories on a daily basis”.
Claude Gagnon, President of Technicolor’s Creative Services, added “We are proud to be chosen as a key partner for IM Global, and look forward to supporting their worldwide expansion through a wide range of services”.
IM Global, in the past several years, has grown its sales agency business to include a full motion picture financing capability and this alliance is the next step in streamlining its financing and distribution capabilities which in the past 15 months has shepherded more than $200 million worth of projects into production. IM Global has itself financed and produced SAFE starring Jason Statham; the Sylvester Stallone starrer BULLET TO THE HEAD and THE BABYMAKERS directed by Jay Chandrasekhar. The company has also managed the financing and production on DREDD 3D, WALKING WITH DINOSAURS and ENCHANTED KINGDOM for its parent company Reliance Entertainment. IM Global is also one of the most active foreign sales companies in the motion picture industry recently handling worldwide sales on such successful titles as INSIDIOUS, SKYLINE, PARANORMAL ACTIVITY, DARK TIDE starring Halle Berry, and Madonna’s forthcoming W.E. Since the company’s inception four years ago its titles have grossed more than half a billion dollars in foreign box office.
ABOUT IM GLOBAL
CEO Stuart Ford founded IM Global in 2007. The company is one of the leading film financing, sales and distribution companies in the world, championing a wide variety of cinema, including mainstream commercial, art house, foreign language and genre fare. The company is now comprised of six divisions: IM Global Opus, for mainstream, commercial cinema; IM Global Acclaim, for critically acclaimed arthouse and specialty cinema; IM Global Anthem, for the best of non-English language cinema from around the world; IM Global Octane, for branded genre fare; IM Global Apsara, a rights acquisition and distribution vehicle that serves the rapidly evolving Asian markets across growing theatrical, digital and VOD distribution platforms; and Automatik, a production and financing joint venture with Alliance Films focused on films in the $5 million - $15 million range. In May 2010, Reliance Entertainment, part of Indian conglomerate Reliance ADA Group, acquired a majority shareholding in the company.
Technicolor is home to industry-leading creative and technology professionals committed to the creation, management and delivery of entertainment content to consumers around the world. Propelled by a culture of innovation and underpinned by a dedicated research organization, the company’s thriving licensing business possesses an extensive intellectual property portfolio focused on imaging and sound technologies. Serving motion picture, television, and other media clients, the company is a leading provider of high-end visual effects, animation, and postproduction services. In support of network service providers and broadcasters globally, Technicolor ranks among the worlds’ leading suppliers of digital content delivery services and home access devices, including set-top boxes and gateways. The company also remains a large physical media service provider, being one of the world’s largest film processors and independent manufacturers and distributors of DVDs and Blu-ray™ discs.
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